By Harold Meyerson, The American Prospect, January 28, 2016 – As American CEOs look out for No.1, they give productive capability short shrift, sending the nation’s economy into a downward spiral. [Click HERE to access the paper via The American Prospect]
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Death of the shareholder and the rise of the CEO paymachine
By Mark Blessington “In Adam Smith‘s day, investment of personal savings into business drove economic growth. Most economic activity back then involved small local companies, and nearly all of them relied on individual investor capital for formation and growth.”… [Click…
Biden on whether there is an economic disconnect
By Joseph Biden [Click HERE to watch the interview] (segment, between 3:00 and 4:15)
The truth about finance
By Stephen Maher “Hillary Clinton says she’s cracking down on Wall Street. She argues that her new financial reform plan will curb speculation and push back against “the tyranny of short-termism.”… [Click HERE to read the full article]
Pfizer’s buyback: Elixir for shareholders, jagged little pill for R&D
January 2, 2016 – Eric Reguly of the Globe and Mail, armed with theAIRnet’s research, charges that “North American-style capitalism obviously prefers buybacks” to innovation. [Click HERE to access the paper via The Globe and Mail]
How to end the stock buyback deluge
December 26, 2015 – Harold Meyerson uses his parting Washington Post column to decry stock buybacks, set their elimination as “a goal for the Obama administration’s final year.” [Click HERE to access the paper via The Washington Post]
A Wall Street-Main Street split
By Michael Kranish, Boston Globe, December 26, 2015 – A Wall Street winner, troubled by his industry’s contribution to economic inequality, forms Patriotic Millionaires to push for policy change. [Click HERE to access the paper via Boston Globe]
Pfizer jacks up drug costs, pays billions to shareholders
By Liz Iacobucci “Ever wonder why prescription drug costs are so high? Take a few minutes and read Bill Lazonick’s piece on Pfizer. From January 2001 through September 2015, Pfizer paid out [to stockholders] $95.5 billion in buybacks and $87.1 billion…
Fight for $15 (Part 2): The high cost of McDonald’s low wages and stock buybacks
By Michael J. Brown “In the Fight for $15, McDonald’s is emblematic of the problems confronting fast-food workers and all low-wage earners in the U.S. It is estimated that 96 percent of fast-food workers make less than $15 per hour, and most (55 percent)…
Buybacks, part three: Washington’s warning
By 720 Global “Stock buybacks are a conflict of interest which has been exposed primarily through extravagant levels of executive pay and income inequality. As an extension of previous articles on this topic, 720 Global digs even deeper to expose…
